Absolute Net | 9.5+ Years | Extremely Dense Residential Infill | Outpad to Walmart Supercenter | Albuquerque, NM

Agent Info

Brent Hanna

248.702.0293
brent@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

5640 Wyoming Blvd NE
Alburquerque, NM 87109

  • Price: $2,477,274
  • Cap. Rate: 5.65%
  • NOI: $139,996
  • Building Size: 3,089SF
  • Lot Size: 1.67 AC

Investment Highlights

  • HARD CORNER SIGNALIZED INTERSECTION

    – 47,500+ VEHICLES/ DAY – WYOMING BLVD NE
    – 26,700+ VEHICLES/ DAY – ACADEMY RD NE

  • ABSOLUTE NET LEASE STRUCTURE | ZERO LANDLORD RESPONSIBILITIES
  • FAVORABLE IN-PLACE LEASE ECONOMICS
  • EXTREMELY DENSE RESIDENTIAL INFILL IN IMMEDIATE AREA
  • POSITIONED ACROSS THE STREET FROM ALBUQUERQUE ACADEMY
  • OUTPARCEL TO WALMART SUPERCENTER, SMITH’S AND PETSMART
  • ADJACENT TO WHOLE FOODS MARKET AND HOME GOODS
  • POPULATION WITHIN 5 MILES: 256,816 AND PROJECTED TO GROW
  • AVERAGE HOUSEHOLD INCOME WITHIN 1 MILE: $82,931
  • LOCATED ON A MAJOR RETAIL THOROUGHFARE
  • NEARBY NATIONAL TENANTS: WALMART SUPERCENTER, SMITH’S FOOD & DRUG, PETSMART, WHOLE FOODS, HOME GOODS, FIREHOUSE SUBS, MATTRESS FIRM, TACO BELL, STARBUCKS, EINSTEIN BAGELS, SHERWIN WILLIAMS, US BANK, BURGER KING AND MULTIPLE OTHERS